If your investment doubles in 6 3/4 years, what approximate annual rate of return would you have earned? If you could earn an annual rate of 7.50%, approximately how long would it take for your investment to double?
A)9.60%; 10.67 years
B)13.50%; 9.20 years
C)10.67%; 9.60 years
D.)9.20%; 13.50 years
If your investment doubles in 6 3/4 years, what approximate annual rate of return would you...
If your investment doubles in 6 3/4 years, what approximate annual rate of return would you have earned? If you could earn an annual rate of 7.50%, approximately how long would it take for your investment to double? A. 9.60%; 10.67 years B. 13.50%; 9.20 years C. 9.20%; 13.50 years D. 10.67%; 9.60 years answer is NOT 10.81 and 9.58 !
How long will it take to make your investment double if the expected annual return is 15%? 5 years 6 years 4 years 3 years
1) Approximately how many years will it take to double an investment at a 6% annual effective rate? a) 6 years b) 8 years c) 10 years d) 12 years
4. If you invest $100,000 today and earn 15 percent annual return on your investment for 30 years, what is the value of your investment 30 years later? (Future Value)
c.)“Give me $10,000 today and I'll return $16,000 to you in five years," offers your investment broker. To the nearest tenth of a percent, what annual interest rate is being offered? d.)How much money would you have to put away at the end of each year to have $1,600,000 when you retire 26 years from now if you can earn 4% on your money? e.)How much can be accumulated if $2,375 is deposited at the end of each month for...
You need $40,000 in ten years for the purchase of a new car for your nephew who will be graduating college. You currently have $20,000 saved and want to invest it for ten years at a 6% rate of return. Will you be able to achieve your investment goal in ten years? Answer If not, then how much more would you need to invest today, instead of the $20,000, to accumulate that goal in ten years? Answer If not, and you...
If you earn a 4% annual return on your retirement account each year, how long will it take the current account balance to double if you don't make any additional deposits to the account? A. 9 years B. 18 years C. 36 years D. 72 years
question 13...…..If you receive
a constant annual rate of return of 7%on an investment of $10,000,
how many years will it take before you have $20,000?
8 14
(Solving for n with non-annual periods) Approximately how many years would it take for an investment to grow sixfold if it were invested at 13 percent compounded weekly? Assume that you invest $1 today. If you invest $1 at 13 percent compounded weekly, about how many years would it take for your investment to grow sixfold to $6? (Hint: Remember to convert your calculator solution to years.)
3
(3) Your company makes an investment of $11,000. (a) What interest rate would be required to grow this sum to $24,000 in 8 years if interest were compounded semiannually? (b) At an interest-rate of 8% how long will it take to double the original $11,000?